The total factory overhead for Bardot Marine Company is budgeted for the year at $600,000 divided into two departments: Fabrication, $420,000, and Assembly, $180,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require 8 direct labor hours in Fabrication and 4 direct labor hours in Assembly. The bass boats require 4 direct labor hours in Fabrication and 8 direct labor hours in Assembly. Each product is budgeted for 250 units of production for the year. If required, round all per unit answers to the nearest cent. a.  Determine the total number of budgeted direct labor hours for the year in each department. Fabrication _______direct labor hours Assembly _______direct labor hours b.  Determine the departmental factory overhead rates for both departments. Fabrication Department rate $______per dlh Assembly Department rate $______per dlh c.  Determine the factory overhead allocated per unit for each product using the department factory overhead allocation rates. Total factory overhead $_____ per speedboat Total factory overhead $_____ per bass boat

Q: The total factory overhead for Big Light Company is budgeted for the year at $807,500. Big Light…

A: Solution a: Total nos of budgeted direct labor hours = (60000*0.50) + (80000*2) = 30000 + 160000…

Q: Roget Factory has budgeted factory overhead for the year at $3,876,600. It plans to produce…

A: The overhead is applied to the production on the basis of predetermined overhead rate. The…

Q: Sleep Tight, Inc., manufactures bedding sets. The budgeted production is for 25,700 comforters this…

A: Labor Cost Budget is prepared by the Business entity to estimate the labor cost to be incurred for…

Q: Camper's Edge Factory produces two products: canopies and tents. The total factory overhead is…

A: Overhead means the cost incurred indirect in factory for the production of goods. Manufacturing…

Q: Blackwelder Factory produces two similar products: small table lamps and desk lamps. The total…

A: Solution- Calculation of Predetermined overhead rate (A)       Estimated Overheads            $…

Q: The total factory overhead for Bardot Marine Company is budgeted for the year at $907,550, divided…

A: ACTIVITY RATES : FORMULA : Overhead Cost / Activity Base Usage Quantities ACTIVITY WORKING…

Q: The total factory overhead for Big Light Company is budgeted for the year at $1,100,440. Big Light…

A: Factory overhead rate = Budgeted Overhead Cost / Budgeted total units in the allocation base

Q: Sleep Tight, Inc., manufactures bedding sets. The budgeted production is for 34,100 comforters this…

A: The direct labor cost budget shows the estimated total direct labor cost for the estimated…

Q: Chart Hills Company makes customized golf shirts for sale to golf courses. Each shirt requires 3…

A: Fixed overhead spending variance = Actual fixed overhead - Budgeted fixed overhead

Q: Advent Corporation started to produce automated garbage bins. The company uses a standard cost…

A: Solution:- a)Calculation of the predetermined variable overhead rate and the predetermined fixed…

Q: Nicholas Company produces two products: Product A and Product B.  The company is budgeted to produce…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Cooper Corporation produces decorator wall coverings. Budgeted production is 240,000 square feet per…

A: Applied Manufacturing Overhead=Budgeted variable overhead×Actual labor hoursBudgeted labor…

Q: Ever Clean Company provides gutter cleaning services to residential clients. Overhead is allocated…

A: Direct labor budget is one of the budgets that contains the details with respect to the direct labor…

Q: The Kaumajet Factory produces two products table lamps and desk lamps. It has two separate…

A: The overhead rate is the proportion of indirect costs, like utilities and maintenance, to direct…

Q: Sleep Tight, Inc., manufactures bedding sets. The budgeted production is for 36,100 comforters this…

A: Given, Budgeted production = 36,100 Hours required per comforter = 1.5 hours Labor rate per hour =…

Q: The total factory overhead for Big Light Company is budgeted for the year at $1,116,120. Big Light…

A: Lets understand the basics. Single plantwide overhead rate is a overhead rate calculated to allocate…

Q: Hydro Sports budgets overhead cost of $660,000 for the year. The company manufactures two types of…

A: The traditional method of overhead allocation is based on a predetermined overhead rate. The…

Q: Sleep Tight, Inc., manufactures bedding sets. The budgeted production is for 44,600 comforters this…

A: Direct Labor Budget :Direct Labor Budget is prepared to calculate the no. of labor hours needed to…

Q: Mozart Music Inc. makes three musical instruments: trumpets, tubas, and trombones. The budgeted…

A: Plantwide overhead rate refers to single overhead rate at which company use to assign all its…

Q: The total factory overhead for Big Light Company is budgeted for the year at $880,320. Big Light…

A: The objective of the question is to calculate the total number of budgeted direct labor hours for…

Q: The total factory overhead for Cypress Marine Company is budgeted for the year at $900,000 divided…

A: Requirement:-a Calculation of total number of budgeted direct labor hours for the year in each…

Q: Fishing and Yachts. Budgeted direct labor hours for the Fishing model are 28 in Assembly and 4 in…

A: Departmental overhead rate is the overhead rate for each department in the production process. The…

Q: The total factory overhead for Big Light Company is budgeted for the year at $1,127,280. Big Light…

A: The overhead rate is determined as estimated overhead cost divided by estimated base activity.

Q: The total factory overhead for Big Light Company is budgeted for the year at $1,022,250. Big Light…

A: Solution Factory overhead is the total cost involved in operating all production facilities of a…

Q: Use the reciprocal services method to allocate support department cost

A: Cost allocation may be defined as the segregation of the total cost into various cost centers,…

Q: he budgeted conversion costs for a just-in-time cell are $224,200 for 3,800 production hours. Each…

A: The objective of the question is to determine the correct journal entry when units are completed and…

Q: he total factory overhead for Diva-nation is budgeted for the year at $180,000, divided into four…

A: Factory Overhead: These are the manufacturing expenditure incurred in the production of goods that…

Q: The total factory overhead for Bardot Marine Company is budgeted for the year at $937,950, divided…

A: The following calculations are shown to evaluate the activity-based rates of Bardot Marine Company.

Q: Water Sports Company budgets overhead cost of $840,000 for the year. The company manufactures two…

A: The overhead is applied to the production on the basis of the pre-determined overhead rate. The…

Q: Water Sports Company budgets overhead cost of $840,000 for the year. The company manufactures two…

A: Department overhead rate :— It is the rate used to allocate manufacturing overhead cost to cost…

Q: The total factory overhead for Big Light Company is budgeted for the year at $1,703,240. Big Light…

A: Lets understand the basics. Single plantwide overhead rate is a overhead rate calculated to allocate…

Q: The total factory overhead for Bardot Marine Company is budgeted for the year at $2,932,500. Bardot…

A: Overhead means the cost incurred indirect in factory for the production of goods. Manufacturing…

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.